A South Korean telecoms giant wants to launch flying taxis in 2025 and expects it to be big business
Last year, SK Telecom and U.S. firm Joby Aviation inked a tie-up to develop air taxis for the South Korean market.
Financial News
Berkshire Hathaway fourth-quarter operating earnings fall 8%, cash hoard swells to nearly $130 billion
Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday.
Luxury EV maker Lucid appears to have a demand problem
Lucid plans to build just 10,000 to 14,000 vehicles in 2023, despite factory capacity to build more.
After a year of death and destruction, Ukraine braces itself for a major escalation in the war
Russia is expected to launch a large-scale offensive, with Ukraine expected to counter-attack in summer. In the meantime, it’s waiting for more weapons.
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
The U.K. has thus far avoided a widely anticipated recession, and the economy may be holding up better than feared, according to veteran fund manager Andy Brough.
Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and …
‘They started the war’: Russia’s Putin blames West and Ukraine for provoking conflict
Russian President Vladimir Putin on Tuesday used a widely-watched speech to deny responsibility for the war in Ukraine and lash out at his adversaries.
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
The U.S. Securities and Exchange Commission (SEC) could be gearing up to take action against Paxos, over the issue of whether Binance USD (BUSD) is a security.
Beijing is ‘watching closely’ if Russia succeeds in Ukraine, NATO says, flagging rising China challenge
NATO Secretary-General Jens Stoltenberg said China is closely watching Russia’s success in Ukraine, with the war’s outcome likely to have major reverberations in Asia-Pacific.
China’s rebound is the biggest unknown facing oil markets, IEA chief says
The International Energy Agency’s executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure.